Ethereum News: Potential Price Drop to $1,600 Looms Large

Ethereum, one of the leading cryptocurrencies, has seen a significant decline in its price in recent months, raising concerns among investors. Here’s a closer look at the current market situation and potential future price movements.

Ethereum Price Analysis: Potential Drop to $1.6K?

Ethereum’s price has been experiencing a significant crash, losing more than half of its value over the past few months. The daily chart shows a clear downtrend with lower highs and lows. The breakdown below the 200-day moving average signaled bearish sentiment. Recently, ETH dropped below the $2,000 level, testing support around $1,900. If selling pressure continues, further downside potential toward $1,600 exists. The RSI is in oversold territory, suggesting a possible short-term bounce.

Lazarus Group Steals $1.4B in Crypto, Best Wallet Token Presale Highlights Importance of Security

The Lazarus hacking group, linked to North Korea, has stolen $1.4B in crypto in a single month in 2025, marking a significant increase from the $1.3B stolen in 2024. The Bybit hack was notable for this massive theft. Despite a global decrease in the overall amount stolen in 2023 and 2024 compared to 2021-2022, the Lazarus group’s activities indicate that security remains a top concern for crypto investors. As Lazarus continues to move its stolen funds, investors are seeking non-custodial wallets for SAFE storage. Best Wallet, known for its top-flight security, makes its token presale an attractive option for investors looking to protect their crypto assets.

Hyperliquid Whale Trader Strikes Again with Long Ethereum Position

A risk-courting whale trader who previously caused over $4M in lost liquidity for Hyperliquid’s pool is back again with another long position on Ethereum (ETH). This time, the trader used 25X leverage and switched quickly between risky short and long positions, exposing the exchange to potential liquidations. Following the news, the HYPE native token of Hyperliquid fell further, sliding to $12.35. Although the new batch of positions is smaller, with the whale depositing $2.3M into Hyperliquid, the high leverage may still have an outsized effect.

Ethereum Faces Significant Selling Pressure

Ethereum (ETH) is currently trading below the $1,900 mark amidst market uncertainty. After dropping below the critical $2,000 level, ETH reached as low as $1,750, its lowest point since October 2023. Bulls are struggling to defend the current demand zone to prevent further declines and restore investor confidence. On-chain data indicates that Ethereum’s Net Taker Volume remains low, signaling strong selling pressure.